Hardware component segment to dominate the Israel Precision Farming Market till 2026
Rising requirement to
increase the productivity and supportive government policies is expected to
drive the demand for Israel precision farming market in the forecast period.
According
to TechSci Research report, “Israel
Precision Farming Market By Component (Hardware; Software; Services) By
Hardware (Automation and Control Systems v/s Sensing & Monitoring Devices)
By Software (Web Based v/s Cloud Based) By Services (System Integration &
Consulting; Maintenance & Support; Professional & Managed Services) By
Technology (Guidance System; Remote Sensing; Variable Rate Technology) By
Application (Yield Monitoring; Field Mapping; Crop Scouting; Weather Tracking;
Irrigation Management; Farm Labour Management; Others), By Region, Company
Forecast & Opportunities, 2026”, The Israel precision farming market is expected to grow
at a steady rate during the forecast period. The adoption of precision farming
is leading to higher cost saving which is the major reason for its higher
adoption in Israel. Due to rising global warming across the world, the change
in weather patterns can directly influence crop production which is paving the
way for the adoption of smart farming techniques. Precision farming aims to
transform the agricultural field by making the agricultural activity more
predictable and affordable with the help of crop monitoring and increasing crop
yield. High internet penetration and the proliferation of smart devices are
contributing to accelerating market growth. The presence of a plethora of
user-friendly applications is aiding the farmers to make smart decisions and
smartphones are becoming the most in-demand and easy-to-carry tools for farmers
in order to increase the crop production volume. Smartphones can also be
integrated with the hardware devices such as GPS receivers, high-resolution
cameras, sensors to collect the required data through a record collection,
sampling, aerial imaging, among others which are further expected to fuel the
precision farming market in the next five years.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities of Israel imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Manufacturing units were temporarily shut down and the
shortage of workforce during this period affected the production adversely.
Disruption in the supply chain was observed which led to the shortage of
equipment. Market players started to manufacture wireless technology for remote
monitoring and making smart decisions with the help of insights provided by the
real-time monitoring platforms. Farmers can access the data with a mobile
application or web browser to make decisions.
Browse XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on "Israel Precision Farming Market”
Israel
precision farming market is segmented into component, technology, application,
regional distribution, and company. Based on application, the market can be divided
into yield monitoring, field mapping, crop scouting, weather tracking,
irrigation management, farm labor management, others. The weather tracking
application segment is expected to witness growth in the forecast period,
2022-2026. Farmers are able to deal with climate change and maximize profit and
minimize the loss that occurred due to climate change with the help of the
weather tracking application. An increase in the adoption of cloud-based
technology in the weather tracking application owing to the several benefits
offered by the cloud technology is influencing the market growth. Based on
component, the market can be divided into hardware, software, and services. The
hardware segment is expected to account for a major market share in the next five
years. The rise in the adoption of control and automation devices by the
farmers to increase the production volume is the driving factor for the growth
of the segment. Guidance and steering systems, drones, GPS/GNSS, irrigation
controllers, yield monitors, and sensors, among others, are the technologies
adopted by the farmers on a large scale in Israel. Increasing demand for
advanced technologies and devices to boost the agricultural yield is driving
the growth of the precision farming market.
Taranis Israel, Prospera Technologies
Ltd., CropX Technologies, PickApp Farming Ltd., Metzer Group, Roots Sustainable
Agricultural Technologies Ltd., Haifa Group, Netafim Ltd, Tevatronic, Saturas
Israel, among others are some of the leading players operating in Israel precision
farming market. Companies operating in the market are using strategies such as joint
ventures, product launches, mergers, and research collaborations to boost their
share and increase their geographic reach.
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“Market
players are investing huge amounts for technological innovations and adoption
of the latest technologies such as artificial intelligence, big data analytics,
sensorless IoT technology in addition to advanced optics, digital image
processing technology, amongst others to increase the production volume of
crops thereby boosting the agricultural industry. Support from the government
in form of policies and fund allocations to upgrade the existing infrastructure
along with ongoing research and development activities to increase agricultural
yield is expected to contribute significantly to the precision farming market
growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Israel Precision Farming Market By Component
(Hardware; Software; Services) By Hardware (Automation and Control Systems v/s
Sensing & Monitoring Devices) By Software (Web Based v/s Cloud Based) By
Services (System Integration & Consulting; Maintenance & Support;
Professional & Managed Services) By Technology (Guidance System; Remote
Sensing; Variable Rate Technology) By Application (Yield Monitoring; Field
Mapping; Crop Scouting; Weather Tracking; Irrigation Management; Farm Labour
Management; Others), By Region, Company Forecast & Opportunities, 2026”, has evaluated the future growth potential of Israel precision
farming market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Israel precision farming market.
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